News: Brokerage

New Rochelle being modernized - The Rockwell to be unveiled this summer

Matt O'Shaughnessy

Citizens of diverse New Rochelle are aware of much downtown development, at a rapid pace as the area undergoes a well-planned real estate renovation. With eminent developers committed to New Rochelle, the city will see many new, upscale buildings go up this year, while several have already broken ground and risen. The Rockwell is slated for completion this summer, and boasts 135,000 s/f of residential living space and 22,000 s/f of retail space. New Rochelle-based Young Companies, begun in 1989, specialize in “creating projects that have a rehabilitative and revitalizing influence on the communities where they work, most notably in their hometown.”

It's an exciting time in New Rochelle's real estate climate and The Rockwell is certain to impress. The $60 million, 5-story building will feature 114 apartments. The building, named in homage to legendary painter Norman Rockwell, who lived and worked in New Rochelle in the early 20th century, will include lobbies, a community lounge, fitness center and rooftop terrace. Apartments will include studios at 538 s/f, one bedrooms beginning at 628 s/f, two bedrooms beginning at 1,076 s/f and three bedrooms at 1,260 s/f. The Rockwell was designed by The Sullivan Architectural Group of Connecticut. The Young Companies cite The Rockwell's interior features as High-end appliances, modern furnishings, custom kitchen and bath, 9 foot ceilings throughout,  and in-unit washer and dryer. They describe The Rockwell as part urban, part suburban, and all luxury.  As the countdown to the summer of 2020 ticks on, The Rockwell stands elegantly poised to take its place in the city's burgeoning real estate gentrification.

Matthew O’Shaughnessy is a contributing author, New Rochelle, N.Y.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,